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Question:

(a) Describe how cost concepts and behavior can be important to Management.

(b) What do you meant by "flexing" the Budget? Describe the importance of flexible budget.

(c) What do you mean by "Margin of Safety"? Describe how it is helpful for management decision makings.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M9589643

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